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Overview / Commentary
218-722-3500
2630 West Superior Street
Duluth, MN 55806

Park State Bank is headquartered in Duluth and is the 256th largest bank in the state of Minnesota. It is also the 5,330th largest bank in the nation. It was established in 1916 and as of March of 2017, it had grown to 13 employees at 2 locations. Park State Bank has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Park State Bank has a low asset base.

Health Grade Components

Overall
FDIC Certificate #8851
Year Established1916
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.22%
Return on Equity - YTD8.04%
Annual Interest Income$603.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$48.9MM$38.9MM
LoansQ1 2017vs Q1 2016$35.8MM$26.3MM
DepositsQ1 2017vs Q1 2016$41.3MM$32.2MM
Equity CapitalQ1 2017vs Q1 2016$7.4MM$6.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$161.00K$32.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$0$2.00K
Real Estate OwnedQ1 2017vs Q1 2016$1,000$36.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Park State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$5kKasasa Saver
OTHER TIERS: 0.35% $5k+
Locations


Park State Bank Locations
Park State Bank2630 West Superior StreetDuluth, MN 55806
Park State Bank - Minneapolis Branch430 1st Avenue, Suite #104Minneapolis, MN 55401